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      Escalating Geopolitical Risks, Gold's Upside Potential Remains Uncapped

      Eva Chen

      Summary:

      Bolstered by geopolitical tensions, gold still boasts significant upside room for growth.

      Buy

      XAUUSD

      End Time
      CLOSED

      5088.42

      Entry Price

      5300.00

      TP

      4958.00

      SL

      5143.84 +5.32 +0.10%

      1526

      Points

      Profit

      4958.00

      SL

      5103.68

      CLOSING

      5088.42

      Entry Price

      5300.00

      TP

      Fundamentals

      Geopolitical developments and the global macro backdrop continue to underpin gold prices. Renewed geopolitical tensions in the Middle East have taken center stage again, triggering safe-haven buying across macro markets including gold and the US dollar.
      Gold allocations in investment portfolios remain subdued, with substantial room for expansion in both tactical and strategic positions through 2026. A further escalation of tensions involving Iran could see gold prices retest the $5,500-$5,600 range as early as March.
      Escalating Geopolitical Risks, Gold's Upside Potential Remains Uncapped_1

      Technical Analysis

      Technical structures signal a potential rebound in gold prices, which is currently oscillating around the key support level of approximately $5,090 - a level coinciding with the MA20 and a Fibonacci retracement level. A break above $5,200 would open the door for a further advance to $5,300. Conversely, a breakdown below $5,018 could pave the way for a deeper decline toward the $4,960-$4,842 range.

      Trade Recommendations

      Trade Direction: Buy
      Entry Price: 5050
      Target Price: 5300
      Stop Loss: 4958
      Valid Until: April 05, 2026, 23:55:00
      Support: 5050/5034/5018
      Resistance Levels: 5146/5193/5205
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

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